Banjul Breweries to have tax reduction

Wednesday, July 31, 2019

The National Assembly yesterday approved the motion tabled by the minister of Finance and Economic Affairs, Mambury Njie, the reduction on alcoholic beverages, with the beer being reduced from 75%to 35%. The tax on wine; spirit or liquor are now reduced from 60% to 40%.

The hike tax on Banjul Breweries products was introduced January this year to discourage several youth from drinking alcohol.

Banjul Breweries, a French company, established in The Gambia 42 years ago, employed 200 people and in April this year 18 workers were laid off as a result of hike tax on the company’s products.

The management through, Bory Darboe, the company’s sales manager, complained about the high tax introduced, saying it had affected their income.

According to him, they paid 132 million dalasi to GRA for their operational tax.